What are the revised transaction limits for UPI 123Pay and UPI Lite as per the latest guidelines issued by the Reserve Bank of India (RBI)?

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**Solution:**

1. The Reserve Bank of India (RBI) periodically revises transaction limits for various payment systems to enhance usability and security.

2. As per the latest RBI guidelines, the transaction limit for **UPI 123Pay** has been revised to ₹10,000 per transaction.

3. Similarly, the transaction limit for **UPI Lite** has been revised to ₹5,000 per transaction.

4. These limits are set to encourage digital payments while ensuring safety and convenience for users.

**Answer:** ₹10,000 for UPI 123Pay and ₹5,000 for UPI Lite

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